Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Property Reference Number 10091758695
Year Built 2007
Building Area Net
Occupancy 98.0 %

Property description

Multi-Let Office Investment in Greater Manchester with Accretive Asset Management Initiatives.

Investment highlights

  • Bolton is a key player in the North West’s economy, contributing over £4.4 Billion of GVA per annum to the total Greater Manchester GVA.
  • The town benefits from outstanding connectivity, with direct train services into Manchester in 15 minutes and less than a 10-minute drive to the M61 and M60 motorway network.
  • The property is 98% occupied and let to a diverse range of private and public sector tenants with a total passing rent of £900,395 per annum (equating to a low average rent of £12.98 psf, inclusive of car parking).
  • Atria benefits from a number of sustainability initiatives including the installation of PV panels, which has substantially improved the buildings energy efficient performance and future-proofed the asset.
  • The vendor has spent circa £700,000 undertaking extensive refurbishment works over the last three years, delivering a refurbished entrance/reception and a new communal amenity area.
  • The property benefits from an Average Unexpired Lease Term of 4.50 years to expiry and 3.23 years to break.
  • The asset has significant reversionary potential with an estimated reversionary rent of £971,124 per annum.
  • We are instructed to seek offers in excess of £8,450,000 (Eight Million, Four Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect the following assuming purchaser’s costs at 6.68%.


Last Updated Date: 15 Jul 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

JLL, together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 15 Jul 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.